Specialist Retail Consulting

We go beyond traditional accounting

Retail business provides many exciting opportunities with great scope for innovation. It also requires efficient systems and structure around financial reporting, tax and corporate modelling. At BDO, we help our clients get the mix right.

BDO’s retail business consultants play a leading role in the retail market by providing specialist industry insight and advice. We provide practical financial advice on everything from tax planning, mergers, auditing and risk advisory. Importantly, we also offer services that go beyond tradition accounting, including access to data that will show you exactly what’s going on in your business – and the wider industry.

Our connections and experience see us working closely with retailers, banks, private equity houses, brokers, lawyers and property professionals who specialise in the retail sector. We can help combine these resources to help your business succeed.

BDO’s innovative retail services

BDO is committed to helping retailers increase revenue and profit through improved store conversion. We use an innovative system called Reveal to measure your existing sales opportunities; and success in converting those opportunities into sales. Reveal’s hardware/software solution integrates with your point of sale system to provide accurate store visit to conversion rates and customer to staff ratios. The real time dashboard provides store managers and support office teams with a clear overview and intuitive insights to help make decisions and implement changes to enhance performance and improve profits. We will work with your team to use Reveal data to:

Optimise staff rosters

Create the appropriate commission structure for sales staff

Guide you on how to improve individual sales staff performance

Identify and act upon trends and patterns

Budget and forecast based on historical data patterns

Understand the effectiveness of marketing campaigns.

Retail Audit Services

Our audit professionals can help you improve systems and processes for external financial reporting. We also help you keep up to date with changing regulatory requirements such as International Financial Reporting Standards. Using our proven international audit methodology, we focus on key financial areas and provide constructive ideas for improving your organisations’ internal controls and business systems. Retail business audit services may include:

Retail Tax Services

Retail businesses can incur significant compliance costs attempting to work out which taxes apply to their business transactions. There’s also the administrative costs associated with paying, collecting, claiming credits and remitting GST on sales and purchases, which can be substantial. As a retail business, it’s vital to maximise your tax opportunities and ensure compliance in a complex environment. From corporate and international tax to franchise services, our tax specialists can help with:

Retail Advisory Services

Our detailed knowledge of the retail industry and partner-led approach can help you achieve the best commercial outcomes for your retail business. Our advisory teams includes specialists to help in the following areas:

Transaction analysis and recovery

It’s difficult to increase revenue without understanding the full costs of operating your retail business. Our transaction analysis and recovery services can give you a complete picture of your business’ direct and indirect costs without using your time and business resources. We apply a transparent financial management technique internally to the company’s records, offering you risk-free, contingency-based transaction analysis service. A low-impact, non-intrusive service.

Retail Business Services

We work with you to ensure your business succeeds by driving growth, value and profitability. Our advisers have deep and broad industry knowledge and exceptional experience in delivering growth strategies, tax solutions, compliance, wealth creation and management strategies to entrepreneurs, private clients and owner managed businesses of all sizes.